The Holt and Laury (2002) task is arguably the most widely employed method for eliciting individual risk attitudes in economics. However, although around 15% of standard experimental subjects fail to complete the task consistently, this fraction increases to an alarming 60-70% in the case of...

Many governments struggle with how to efficiently, effectively, and equitably allocate medical supplies and equipment. Medical supplies and equipment can be expensive and prone to mismatches in use, context, and the level of expertise needed to operate them. Optimizing allocation is particularly...

Artificial Intelligence (AI) and Machine learning (ML) represents an important evolution in computer science and data processing systems which can be used in order to enhance almost every technology-enabled service, products, and industrial applications. A subfield of artificial intelligence and...

Purpose: The purpose of this research is to develop an optimization model of CNC turning process. The objective function of the model is to minimize processing time and carbon emission. We implemented the results of optimization with real machining application using a certain workpiece....

Using an original data source, this paper investigates the circumstances under which firms adopt computer numerical control (CNC), an important type of flexible automation which can significantly increase productivity, product variety and quality. The paper shows that arms'-length...